4 Things You Can Expect To See In Budget 2015

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah reveals four focus Budget 2015 would feature as they prepare for Budget 2015 consultation sessions.

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On 10 October, Najib Announced His Seven Strategies For Budget 2015. Read The Highlights, See Infographics:

25 August Was The Last Day To Submit Your Suggestions For Budget 2015 Looms

Deadline To Submit Ideas For Budget 2015 Looms

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The rakyat have been invited to submit their ideas and suggestions for Budget 2015 on a purpose-designed microsite. The public can share their ideas on how to further improve 16 categories affecting the nation, such as education, cost of living, urban housing, healthcare and others.

The public can also vote on ideas presented by other participants and share links to the microsite on social media.

As of Wednesday, the Prime Minister's Office has received over 4,000 ideas from the public and are looking for more before the Aug 24 closing date.

Submit your ideas and suggestions for Budget 2015 here. Closing date is 24 August 2014.

What Can We Expect To See In Budget 2015? Firstly, Efforts To Reduce The Cost Of Living

The cost of living in Malaysia is rapidly rising.

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"For cost of living, the priority is on price increase, so we will look at how efforts to strengthen the supply chain can be carried out," Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah told reporters.

2. Subsidy Rationalisation Initiatives

Subsidy Rationalisation

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He said the focus would also be directed at how the government could save with the subsidy rationalisation initiatives so that the revenue could be channelled to target groups.

3. Growing The Entrepreneurship Sector

Najib and Obama at the launch of MaGIC

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Entrepreneurship was a new aspect that would be given focus in line with the establishment of the Malaysian Global Innovation and Creativity Centre (MaGIC) launched recently, he said.

Husni said the entrepreneurship sector was an important factor to the growth of the country's economy and in view of this, the government had established MaGIC. "The objective is to bring forward the talents of the young generation. In terms of innovation and creativity, we actually are capable of going to the global market," he said.

4. A Special Gender Budget

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

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"This year, we will also have a special gender budget," he told reporters during a get-together at the Kampung Dato Ahmad Said Tambahan 2 1Malaysia library here this morning.

Budget 2015 Is Scheduled To Be Tabled In Parliament On 10 October 2014

Budget 2015 is scheduled to be tabled in Parliament in October.

The Consultation Sessions For Budget 2015 Will Start On 26 May 2014 Under The Chairmanship Of Najib


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Meanwhile, Husni said the budget consultation sessions would start on May 26 under the chairmanship of Prime Minister Datuk Seri Najib Tun Razak who is also the Minister of Finance.

"It will be attended by about 400 representatives from the industrial and banking sectors and various non-governmental organisations," he said.

This would be followed with discussions by focus groups involving various parties. For Budget 2015, the ministry was introducing an approach to get input from various gender groups at the request of peoples’ representatives, he said.

READ ALSO: Highlights From Budget 2014

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